InvestorsHub Logo
Followers 0
Posts 172
Boards Moderated 0
Alias Born 08/31/2009

Re: CopperKen post# 66265

Tuesday, 07/06/2010 1:00:42 AM

Tuesday, July 06, 2010 1:00:42 AM

Post# of 83044
The case will made that current management will never be able to make cprk profitable and that assets should be liquidated quickly to mitigate damages to secured lenders. They will point to past failures, deceit, lack of experience, fraudulent appraisals, misuse of funds and so on... They will suggest that allowing reorganization under current management would further harm their positions and draw out the inevitable. If the judge does not grant their request they will make a second motion to bring in their own management team and oust Waltey and the rest of the bums.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.